Social justice as a factor of economic development

In the modern conditions, when the favorable foreign trade environment of raw economy faded in importance for Russia, negative consequences of violation of social justice principles has become even more obvious. Institutes are considered not only as exogenously set limiters of activity but also as a product of the purposeful ethic-oriented designing at the micro-, meso- and macro-level of the economic system. Social justice is seen to be connected with the configuration and structure of institutes (rules and organizations supporting them) and is regarded as "the main virtue" of public institutes. Proceeding from the thesis that the first principle of social justice, regulating basic norms, is oriented towards ensuring equality of economic opportunities and the second principle provides acceptable distribution of shares of the made product, in the article the main attention is paid to the regulations influencing distribution of income and wealth. The monopolism phenomena, which altered the institutional structure of society and sectoral structure of the Russian economy towards raw industries and corporations with the state participation, have led to rent-seeking behavior of certain players in the market, excessive differentiation of the income and poverty of a considerable part of the Russian population. The necessity to carry out institutional transformations compliant with the concept of social justice are reasoned: along with the creation of conditions for an equal and fair competition, measures for maintenance of the balance in distribution excluding excessive inequalities and enrichment of some participants in the market at the expense of others are updated. The practical actions taken by the Russian government for the country's exit from the economic crisis do not contain effective measures to eliminate excessive inequalities, withdraw and redistribute investment incomes for the benefit of society, to transfer the tax burden from the middle class to the rich. The transformations proposed in the article, along with the short-term effect from the increasing consumer demand on the part of the middle class and the poor, can lead to positive long-term socio-economic consequences due to additional tax revenue in budgets of all levels, reduction of inefficient expenses, and also growth of the level of credibility.